Ann: 10.06.2 CTP and PXA Settle , page-79

I think the reason why we are not seeing any great movment in the SP is because of a combination of the following

1) End of Financial Year Tax liabilites

2) Punters washing their shares to get losses.

3) GFC (and Greece et al)

4) General uncertainty in resources sector due to Resources Tax

5) Pre general Elections uncertainty (Election will be held by November business taking a wait and see position)

6) CTP claim to vast resources which all sound too good to be true.

7) Exploration stage and no proven resources.

8) Possible concern about no substantial JV partner

I think we may see a differnt sentiment once teh election has been called and CTP releases positive news in relation to Orrimmonna 2


CB